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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (5974)	2/7/1999 7:40:00 PM
From: jeffbas	Respond to of 78495

By the way, Jim, I think MWY is a perfect example of what you are saying. If we assume that Redstone knows what he is doing, it is obvious that he is looking 2-3 years down the road, whereas all the complainers on YAHOO have a much shorter timeframe. To make any difference in his net worth, Redstone has to have that kind of time frame since he can't accumulate a big position in two weeks. Also, I recall that Buffett hopes a stock he buys drops 50% so he can buy more. I just wish I did not own so many of these obliging value stocks, from his point of view, since I do not have enough money to keep doubling up <ggg>. MWY could get there.